# Global X’s LLM ETF tops with SK Hynix, not NVIDIA

Digest AI · Business & Funding · published 2026-10-05T05:45:00Z

Canonical: https://digestai.news/story/global-xs-llm-etf-tops-with-sk-hynix-not-nvidia

## Summary

Global X’s new **Global X LLM ETF (LLMA)** launched on September 29, focusing on large language models. Its top holding is **SK Hynix** at 7.1% of assets, not NVIDIA, which ranks 13th at 2.7% ($293 million). Memory chipmakers dominate, with **Micron** at 5.8% and **Intel** at 4.2%, reflecting the fund’s tilt toward hardware over AI software.

The fund charges a **0.75% expense ratio**, matching its existing **AI ETF (AIQ)**, which has surged 27.9% year-to-date. Micron and Intel have outperformed NVIDIA this year, rising 274% and 214%, respectively, while NVIDIA gained only 22%. LLMA’s portfolio remains unpublished, and its focus on private firms like OpenAI and Anthropic adds uncertainty.

## Key points

- Global X’s LLM ETF (LLMA) launched September 29 with $10.85B in assets, led by SK Hynix at 7.1%
- NVIDIA ranks 13th at 2.7% ($293M), trailing Micron (5.8%) and Intel (4.2%)
- AIQ fund’s memory-heavy focus drove 27.9% YTD gains, outpacing NVIDIA’s 22% return

## Why it matters

The ETF’s composition reveals shifting AI investment priorities: memory and hardware over pure AI firms, reflecting hardware bottlenecks and private company valuations.

## Sources

1. [NVIDIA Is the 8th Biggest Holding in the Most Popular AI ETF. What’s Number One?](https://finance.yahoo.com/technology/ai/articles/nvidia-8th-biggest-holding-most-124536387.html) (finance.yahoo.com, 2026-10-05)

Part of the developing story: [AI Chip Race Revenue Targets Market Moves](https://digestai.news/thread/arm-ceo-boosts-confidence-in-2b-agi-cpu-revenue-target) (3 stories)

## Cite

Digest AI, "Global X’s LLM ETF tops with SK Hynix, not NVIDIA", 5 October 2026, https://digestai.news/story/global-xs-llm-etf-tops-with-sk-hynix-not-nvidia

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